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Snap’s long-awaited AR glasses, Specs, didn’t have the best debut. The company’s stock hasn’t been on the healthiest trajectory lately. It’s dropped 30% over the past year. Following Specs’ launch, it sank more than 5% — falling from $5.86 a share on Tuesday to a low of $4.83 on Wednesday morning. As of this writing,…
It happened to me: I opened a Google Doc to write an article, and I was immediately confronted with a text box inviting me to “write with Gemini.” I looked for some button to swipe away the garish AI display, but I could not find it. It made me mad. Now, instead of writing the…
Former Sequoia Captial managing partner Roelof Botha is joining SpaceX’s board of directors, less than a week after the company went public in the largest IPO ever. SpaceX announced the appointment in a filing with the Securities and Exchange Commission on Wednesday. It said Botha was appointed “to fill the existing vacancy on the Board”…
Odyssey, a world model AI startup founded by self-driving vehicle pioneers CEO Oliver Cameron and CTO Jeff Hawke, has raised a $310 million Series B round at a $1.45B valuation led by Natural Capital, with Amazon, AMD Ventures, GV, and others participating. World models are the next big thing in AI beyond text- and chat-based large language models. They gather…
When Tony Fadell entered New York City’s 28th Street Subway Station, he did not expect to come face-to-face with an advertisement for a product he designed over twenty years ago. But there it was: a five-by-four-foot poster promoting the iPod Shuffle, luring passersby with the promise of “zero screen time.” “The first thing was, I…
As global investors race to fund the infrastructure underpinning the artificial-intelligence boom, Canada Pension Plan Investment Board’s CPP Investments has committed up to ₹70 billion (about $741 million) to Indian data center operator CtrlS, betting on India’s growing role in the global buildout of cloud and AI infrastructure. Under the partnership announced on Wednesday, CPP…
Google on Tuesday released the final version of its Android 17 operating system, as well as its counterpart for smartwatches, Wear OS 7. The latest release, which arrives first on its own Pixel devices, is also accompanied by a Pixel Drop, bringing new features that include support for the latest AI models, like the music-generation…
Anthropic is having a month. The AI lab finished May by surpassing OpenAI in market share of business spending for the first time, Ramp just revealed. It raised $65 billion at a $965 billion valuation (also besting OpenAI) at the end of May, then waltzed into June by filing confidential paperwork for an IPO, reportedly…
SpaceX briefly passed Amazon to become the fifth-most valuable company in the world, and nearly eclipsed Microsoft, before the company’s shares pared back those gains before the market closed Tuesday. The newly public company’s stock had already climbed 20% on Monday — its first full day of trading. Tuesday’s news that SpaceX was acquiring AI…
SpaceX passed Amazon to become the fifth-most valuable company in the world, after its stock price climbed 20% on Monday and more than 8% in early trading Tuesday, bringing its valuation to more than $2.7 trillion. That’s despite Amazon turning a $78 billion profit in 2025 on $717 billion in sales last year, compared to…